UK sets out post-Brexit tariff regime
The UK government published its plans for a new import tariff regime following the end of the Brexit transition period. Following its departure from the EU, the UK has the…
MPs open inquiry into £155 billion of tax reliefs
The Public Accounts Committee (PAC) has opened an inquiry into the UK’s management of £155 billion of tax relief. The inquiry follows the February publication of a National Audit Office…
Lenders relax evidence requirements for business interruption loan scheme
On 27 April 2020 the UK’s seven largest small business lenders announced they had relaxed their evidence requirements for applications to the Coronavirus Business Interruption Loan Scheme (CBILS). The lenders…
Government launches support finding tool for business
The UK government launched an online platform to help businesses access financial support during the COVID-19 crisis. The Coronavirus Business Support Finder Tool will guide businesses through the range of…
OBR predicts UK economy will shrink by over a third
The Office for Budget Responsibility (OBR) has warned that the UK economy could shrink by 35% this quarter due to the COVID-19 crisis. The OBR said that the outcome was…
Government borrowing could rise to £300 billion
The Centre for Policy Studies (CPS) has suggested that government borrowing may rise to £300 billion in 2020 as a result of the COVID-19 pandemic. The think tank has been…
HMRC extends late reporting deadline for CGT
HMRC has confirmed it will not charge penalties for the late reporting of capital gains tax (CGT) on disposals of UK residential property by UK residents made by 31 July…
Coronavirus – Further support measures for self employed
On 27 March further measures were announced by Chancellor Rishi Sunak to provide support for those who are self employed and have lost trading profits due to COVID-19. There…
Tax Tables 2020 – 2021
Tax tables for 2020 – 2021
Budget Summary – Spring 2020
A surprise mention in the Budget was the government’s announcement that it intends to introduce a levy to be funded by firms subject to Money Laundering Regulations. Doctors, judges and…
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